Photo Mail (Share > Email Attachments) was both removed and not removed in Photoshop Elements. Up until Photoshop Elements 10, you were able to use the Email Attachments command in both the Elements Editor and the Elements Organizer. As of version 11 and later, you can only do so from the Elements Organizer. So, even in your version 12 you can use the Elements Organizer to create Photo Mail and then same has continued to the current version.

I want to create an email with the photos in the body of the email and not as attachments. There's nothing that I hate more than getting an email with a dozen attachments that I have to open one at a time.

I cannot find how to have photos in the body of PSE 14, also PSE 14 won't let me use my bigpond email, had to open a outlook email address, and even after having adobe remotely control my computer W10, they couldn't work out the problem of where my "sent" emails were. Yes the previous versions of PSE that could send photos directly from catalogue were the best ever. Sad that Adobe delete some of our favourite things .